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Small Business Size Standards and Definition regards

Small Business Definition regards Learn about the definition of – and qualifications for – a small business and why it’s important to know your status. SBA has established numerical definitions of small businesses, or “size standards,” for all for-profit industries. Size standards represent the largest size that a business (including its subsidiaries and affiliates) may be to remain classified as a small business concern. In determining what constitutes a small business, the definition will varyRead More

Small Business Primer – Understanding Small Business Size Standards and Affiliation

This training module describes what size standards are, how they are established, why they are important, how they are used, where to find them and how to determine if a specific business concern is considered a small business.  It also describes what is meant by affiliation and how such affiliations can impact the size of a business.  See the Government Contracting Classroom for more training options. Duration: 00:25:01 Text based accessible version Workbook BEGIN COURSE

Affiliation

When you calculate the size of your business to determine if you are a small business, you must include the annual receipts and the employees of your affiliates. Affiliation is determined by the ability to control. When the ability to control exists, even if it is not exercised, affiliation exists. The SBA determines affiliation in accordance with 13 CFR 121.103 in its Small Business Size Regulations. Be sure to read the SBA’s affiliation discussion asRead More